Overview

Deep Yellow Limited (DYL) is an ASX-listed advanced-stage uranium exploration company operating in the southern African nation of Namibia and in Australia. It also has a listing on the Namibian Stock Exchange (NSX).

The Company’s primary focus is in Namibia, where exploration is conducted by its wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd. DYL’s flagship Omahola Project has a JORC compliant resource of 38.2 million tonnes at 441 ppm for 37.0 Mlbs U₃O₈ from three hard rock deposits, Ongolo Alaskite, MS7 Alaskite and the INCA uraniferous magnetite deposit.

Omahola is at Pre-Feasibility stage, with concurrent resource drilling and ongoing exploration along the highly prospective Ongolo - MS7 - INCA trend.  DYL has conducted a successful pilot plant trial on the Tubas Red Sand deposit using advanced hydrocyclone technology enabling it to convert a low grade aeolian sand deposit to a high grade uranium concentrate.
 

DYL has also discovered a substantial area of magnetite+hematite mineralisation on EPL 3496.  A maiden JORC Mineral Resource of 78.7 Mt at 18.88% Fe was recently announced for Shiyela iron Project and a first pass Scoping Study has also been completed.

In Australia, the Company is working on resource delineation of mid to high grade uranium discoveries in the Mount Isa district in Queensland and also owns the Napperby Uranium Project and numerous exploration tenements in the Northern Territory.
 

DYL’s JORC Code Compliant Mineral Resource inventory comprises almost 114 Mlbs U₃O₈, with 101.4 Mlbs U₃O₈ in Namibia.